Colbert recently announced that he'd visited the set of The Hobbit leading many to speculate that Colbert might make a small appearance. Today, The Hollywood Reporter has reportedly confirmed that Colbert will have a cameo, although it won't appear in the first film, The Hobbit: An Unexpected Journey.

Well, there goes my hope that Colbert might somehow appear in proximity to bear skin-changer Beorn. And it sounds like we'll have to wait a while before we find out if Colbert is at all recognizable in his cameo.